Common use of DECLARE NOTE DUE Clause in Contracts

DECLARE NOTE DUE. Upon the occurrence of any Event of Default as defined in this Agreement, the Note, the Mortgage and Security Agreement and Security Agreement or any other document contemplated by this Agreement, then in any such event, Lender at its option, may declare the entire unpaid balance of the Note to be forthwith due and payable, and thereupon such balance shall become so due and payable without presentment, protest or further demand or notice of any kind, all of which are hereby expressly waived, and Borrower will forthwith pay to Lender the entire principal of and interest accrued on the Note.

Appears in 5 contracts

Samples: Loan Agreement (Adcare Health Systems Inc), Loan Agreement (Adcare Health Systems Inc), Loan Agreement (Adcare Health Systems Inc)

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DECLARE NOTE DUE. Upon the occurrence of any Event of Default as defined in this Agreement, the Note, the Mortgage and Security Agreement and Security Agreement or any other document contemplated by this Agreement, then in any such event, Lender at its option, may declare the entire unpaid balance of the Note to be forthwith due and payable, and thereupon such balance shall become so due and payable without presentment, protest or further demand or notice of any kind, all of which are hereby expressly waived, and Borrower will forthwith pay to Lender the entire principal of and interest accrued on the Note.

Appears in 4 contracts

Samples: Loan Agreement (Veritone, Inc.), Loan Agreement (Veritone, Inc.), Loan Agreement (Eastside Distilling, Inc.)

DECLARE NOTE DUE. Upon the occurrence of any Event of Default as defined in this Agreement, the Note, the Mortgage Deed to Secure Debt and Security Agreement and Agreements, Security Agreement or any other document contemplated by this Agreement, then in any such eventevent (subject however to any notice and cure provision or any grace period), Lender at its option, may declare the entire unpaid balance of the Note to be forthwith due and payable, and thereupon such balance shall become so due and payable without presentment, protest or further demand or notice of any kind, all of which are hereby expressly waived, and Borrower will forthwith pay to Lender the entire principal of and interest accrued on the Note.

Appears in 3 contracts

Samples: Loan Agreement (Adcare Health Systems Inc), Loan Agreement (Adcare Health Systems Inc), Loan Agreement (Adcare Health Systems Inc)

DECLARE NOTE DUE. Upon the occurrence of any Event of Default as defined in this Loan Agreement, the Note, the Mortgage and Security Agreement and Security Agreement or any other document contemplated by this Loan Agreement, then in any such event, Lender at its option, may declare the entire unpaid balance of the Note to be forthwith due and payable, and thereupon such balance shall become so due and payable without presentment, protest or further demand or notice of any kind, all of which are hereby expressly waived, and Borrower will forthwith pay to Lender the entire principal of and interest accrued on the Note.

Appears in 2 contracts

Samples: Loan Agreement (Janel Corp), Loan Agreement (Biohitech Global, Inc.)

DECLARE NOTE DUE. Upon the occurrence of any Event of Default as defined in this Agreement, the Note, the Mortgage and Security Agreement Deed to Secure Debt and Security Agreement or any other document contemplated by this Agreement, then in any such event, Lender at its option, may declare the entire unpaid balance of the Note to be forthwith due and payable, and thereupon such balance shall become so due and payable without presentment, protest or further demand or notice of any kind, all of which are hereby expressly waived, and Borrower will forthwith pay to Lender the entire principal of and interest accrued on the Note.

Appears in 1 contract

Samples: Loan Agreement (Adcare Health Systems Inc)

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DECLARE NOTE DUE. Upon the occurrence of any Event of Default as defined in this Agreement, the Note, the Mortgage and Security Agreement and Security Agreement Agreement, or any other document contemplated by this Agreement, ; then in any such event, Lender BANKFIRST at its option, may declare the entire unpaid balance of the Note to be forthwith due and payable, and thereupon such balance shall become so due and payable without presentment, protest or further demand or notice of any kind, all of which are hereby expressly waived, and Borrower will forthwith pay to Lender BANKFIRST the entire principal of and interest accrued on the Note.

Appears in 1 contract

Samples: Loan Agreement (Radio Systems Corp)

DECLARE NOTE DUE. Upon the occurrence of any Event of Default as defined in this Agreement, the Note, the Mortgage and Security Agreement and Agreements, Security Agreement or any other document contemplated by this Agreement, then in any such eventevent (subject however to any notice and cure provision or any grace period), Lender at its option, may declare the entire unpaid balance of the Note to be forthwith due and payable, and thereupon such balance shall become so due and payable without presentment, protest or further demand or notice of any kind, all of which are hereby expressly waived, and Borrower will forthwith pay to Lender the entire principal of and interest accrued on the Note.

Appears in 1 contract

Samples: Loan Agreement (Adcare Health Systems Inc)

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